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Information Technology

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Minnesota has a rich history of computer industry development. A number of early industry leaders – such as Control Data Corporation – were based here.

Today, information technology companies operate statewide in industries ranging from manufacturing and retail sales to software development and IT services.

Electronics retail giant Best Buy is headquartered here. While large IT-reliant companies like 3M, UnitedHealth Group and Medtronic thrive here, so do small IT-focused startups.

Talent Makes Things Happen

We have a skilled and educated workforce – and promote our talent pipeline. In 2015-2016, there were 3,728 degrees in IT-related fields awarded by Minnesota post-secondary institutions. Minnesota ranks 4th in Technology and Science Workforce (Milken Institute) and 5th in Technology and Innovation (CNBC).

Information technology and telecommunications industries in Minnesota employed 135,983 people in 2017 – up 12 percent since 2010. These industries had 10,516 business establishments in 2017.

IT employees are attracted to Minnesota by the quality of life (ranked No. 1 by Forbes, 2017) and by our affordable cost of living.

Average earnings in IT and telecommunications are competitive compared to other high-tech states and the nation:

  • National average: $120,650
  • California: $169,462
  • Massachusetts: $155,744
  • Washington: $153,768
  • Illinois: $113,043
  • Minnesota: $106,143

(Source: EMSI, based on the Purdue definition of Information Technology and Telecommunications)

Minnesota’s IT firms are attractive to investors. Information technology received 48 percent of the $495 million Minnesota received in venture capital investments in 2017, according to the PwC/CB Insights MoneyTreeTM Report.

IT Companies

Many companies with IT-related products and services are headquartered in Minnesota or have major operations here. Just a handful of examples:

  • Manufacturers such as 3M, Honeywell, Polar Semiconductor, SkyWater Technology Foundry
  • Software, custom software and IT service providers such as Ceridian Corp, Code 42, Coherent Solutions, Digital River and Lawson Software
  • Telecommunications and Internet service providers such as Arvig, AT&T, CenturyLink, Frontier Communications, Sprint and Verizon
  • Data centers such as Cologix, DataBank, IronGate and Stream
  • Retailers and wholesalers of electronic equipment and supplies such as Best Buy and Digi-Key

Minnesota’s IT firms are attractive to investors. Information technology received 48 percent of the $495 million Minnesota received in venture capital investments in 2017, according to the PwC/CB Insights MoneyTreeTM Report.

The state of Minnesota offers various incentives and assistance to help entrepreneurs and startups.

For More

Contact us to find out more about information technology in Minnesota.

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